ABC News – Top stories · general
Construction businesses vulnerable to supply chain shock, experts warn
4 hours ago
Experts warn the construction industry could face mass layoffs and project delays due to supply chain shocks from the Middle East conflict. Victorian contractor Andrew Mahar reported price increases of up to 50 percent for essential materials, with potential consequences for 3,500 businesses in Australia already struggling post-COVID. Urgent government action is needed to prevent widespread insolvencies.
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